Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. ARB IOT Group Ltd’s current trading price is -51.13% away from its 52-week high, while its distance from the 52-week low is 202.75%. The stock’s price range during this period has varied between $0.21 and $1.33. The company, active in the Technology sector, saw a trading volume of around 5.34 million for the day, considerably higher average daily volume of 3.63 million observed over the last three months.
ARB IOT Group Ltd had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $1.33 on 04/19/24, while the lowest price during the same period was $0.21 on 09/09/24.
How Financial Performance Impacts Market Capitalization
ARB IOT Group Ltd (ARBB) has experienced a quarterly rise of 8.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.19M and boasts a workforce of 13 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5634, with a change in price of +0.1700. Similarly, ARB IOT Group Ltd recorded 2,438,090 in trading volume during the last 100 days, posting a change of +35.42%.
How ARBB’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ARBB stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
ARBB Stock Stochastic Average
As of today, the raw stochastic average of ARB IOT Group Ltd over the last 50 days is at 28.86%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 36.19%. Further, the company’s Stochastic %K and %D values for the last 20 days were 12.67% and 8.24%, respectively.
ARBB Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 32.25%.However, over the last six months, we can see a weaker performance of 147.76%. Over the last 30 days, the price of ARBB has leaped by -6.23%. And in the last five days, it has surged by 6.47%.
